Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY (DEFICIT)

v3.24.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Held in Reserve
Treasury Stock
Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2020   160,762,000 0        
Beginning balance at Dec. 31, 2020 $ (300,500) $ 1,607 $ 0 $ 0 $ 4,213,752 $ (43,000) $ (4,472,859)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 250,994           250,994
Other comprehensive income 2,570         2,570  
Stock compensation 6,514       6,514    
Shares repurchased (in shares)   (96,000)          
Shares repurchased (8) $ (1)     (7)    
Issuance of restricted stock (in shares)   228,000          
Issuance of restricted stock 1 $ 3     (2)    
Accumulated other comprehensive income extinguishment 40,430         40,430  
Cancellation of predecessor equity (in shares)   (160,894,000)          
Cancellation of Predecessor equity 0 $ (1,609)     (4,220,256)   4,221,865
Issuance of common stock held in reserve (in shares)   21,525,000          
Release of Common Stock held in reserve 693,775 $ 2     693,773    
Shares of common stock held in reserve (in shares)     (1,679,000)        
Shares of Common Stock held in reserve (54,109)   $ (54,109)        
Ending balance (in shares) at May. 17, 2021   21,525,000 1,679,000        
Ending balance at May. 17, 2021 639,667 $ 2 $ (54,109) 0 693,774 0 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) (112,829)           (112,829)
Other comprehensive income 0            
Stock compensation $ 3,149       3,149    
Conversion of preferred stock (in shares) (175) 12,000          
Conversion of Preferred Stock $ 171       171    
Issuance of common stock held in reserve (in shares)     741,000        
Release of Common Stock held in reserve 23,893   $ 23,893        
Dividends on Preferred Stock (4,573)       (4,573)    
Ending balance (in shares) at Dec. 31, 2021   21,537,000 938,000        
Ending balance at Dec. 31, 2021 549,478 $ 2 $ (30,216) 0 692,521 0 (112,829)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 494,701           494,701
Other comprehensive income 0            
Stock compensation $ 8,670       8,670    
Conversion of preferred stock (in shares) (5,601) 407,000          
Conversion of Preferred Stock $ 5,601       5,601    
Shares repurchased (in shares)   (2,896,000)          
Shares repurchased (250,768)     (286) (250,482)    
Issuance of restricted stock (in shares)   49,000          
Issuance of restricted stock (1,623)       (1,623)    
Issuance of common stock held in reserve (in shares)     876,000        
Release of Common Stock held in reserve 28,220   $ 28,220        
Dividends on Preferred Stock $ (5,444)       (5,444)    
Ending balance (in shares) at Dec. 31, 2022 19,100,000 19,097,000 62,000        
Ending balance at Dec. 31, 2022 $ 828,835 $ 2 $ (1,996) (286) 449,243 0 381,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,470,916           1,470,916
Other comprehensive income 0            
Stock compensation $ 13,525       13,525    
Conversion of preferred stock (in shares) (8,081) 593,000          
Conversion of Preferred Stock $ 8,081       8,081    
Shares repurchased (in shares)   (1,470,000)          
Shares repurchased (151,626)     286 (151,912)    
Issuance of restricted stock (3,207)       (3,207)    
Issuance of common stock held in reserve (in shares)   68,000          
Dividends on Preferred Stock $ (4,844)       (4)   (4,840)
Ending balance (in shares) at Dec. 31, 2023 18,300,000 18,288,000 62,000        
Ending balance at Dec. 31, 2023 $ 2,161,680 $ 2 $ (1,996) $ 0 $ 315,726 $ 0 $ 1,847,948